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Australian Treasurer Jim Chalmers speaks at a press conference inside the Budget lockup at Parliament House in Canberra, Australia on May 14, 2024. AAP Image/Lukas Coch
The federal government has announced $6.2 billion to build new homes in the 2024-25 federal budget to try to deal with Australia’s housing shortage.
The budget aims to cover an “ambitious” promise to build 1.2 million homes in five years. The funding adds to Labor’s $32 billion spend on housing since 2022.
